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Feb 5, 2013 4:00am PST
taxes. according to reports, the white house did not release an exact date on when the president will issue his next budget, but the white house reportedly is blaming congress for taking until january to work out a deal that would avoid the fiscal cliff. new york governor andrew cuomo proposes one of the most ambitious home buyback programs ever attempted. $400 million would be used to purch homes destroyed by superstorm sandy along the state's coastline. the governor would then preserve that land so that nothing could be re-built, thereby re-shaping how the coastline would be used. the purchase program will require federal approval. prepare for a price spike at the salad bar. the cost of lettuce and other vegetables may rise following a cold snap that hit california and arizona farms. cold temps hurt crops and caused the price of iceberg lettuce to rise 36% to $1.20 a pound. california is the top exporter of lettuce in the country. foxconn, famous for producing apple products and for its alleged mistreatment of workers, is widening its unions at its factories in china. the company is
Feb 6, 2013 4:00am PST
they pay taxes, they pay a fine, they learn english, they get to the back of the line, that's the best option." castro calls the country's immigration system "broken," but adds that congress is on the cusp of making progress. president obama is seeking short-term solutions to fix the country's debt problems. the president has asked congress to decide on short-term spending cuts in lieu of a bigger package of cuts and reforms. lawmakers face a march 1st deadline to avoid across-the- board spending cuts known as sequestration. president obama remarked yesterday that the cuts would threaten economic recovery, and noted he is "looking for a small package of spending cuts and tax revenue increases as a short-term stop- gap." senate minority leader mitch mcconnell responded, saying the president needs to lay out significant spending reforms. the high-tech town of silicon valley is making a strong rebound from the recession. a new report shows jobs, incomes and ipos all increased last year. 92,000 jobs were created. that's about what was happening during the frenzy. 46,000 new bu
Feb 8, 2013 4:00am PST
steal identities in order to get tens of thousands of dollars in tax refunds. following a nationwide investigation, the irs has pinpointed 389 id theft suspects. 109 were arrested. last year, irs investigators prevented $20 billion in potential refund fraud by focusing on the high-risk cities of miami, new york, atlanta, san francisco, chicago and l.a. apple says it will consider a proposal about the future of its stock. the announcement came now that greenlight capital's hedge fund manager david einhorn is suing the tech giant. einhorn wants apple to use some of its $137 billion of cash on hand to prop up the stock price and distribute high-yielding preferred stock to shareholders. einhorn owns a million shares of apple, and his hedge fund is losing money with the stock falling from $705 in september to $392 today. hedge fund manager bill ackman has a fresh attack against herbalife. he sent a 40-page series of questions to the vitamin supplier with topics including compliance with california laws, phony retail customers, and earnings disclosure. herbalife had no response. ackman has
Feb 4, 2013 4:00am PST
income rose only 2.1% last year, and now that's taken away by the 2% raise in the payroll tax. so people are borrowing because of stagnant wages and resorting to credit for necessities." during the next six months, bankers expect more requests for lines of credit and balances to increase. does it mean more americans will put themselves at greater financial risk? not necessarily. "increasing your credit line sometimes can help your credit score by increasing your available credit. but opening new lines of credit can be negative, depending on everything else going on there." another credit-related development - retailers may now add a surcharge if you make your purchase with a credit card, though some may do so at their own risk. "there are a lot of consumers who will walk in, see the surcharge sign and walk down the street to a competitor that doesn't charge a surcharge." it's far from universal - ten states prohibit retailers from charging a credit-card surcharge. and one alternative - you may avoid the surcharge by using your debit card. home mortgages with no money down are becoming po
Search Results 0 to 3 of about 4